The earnings call highlighted Dow's strategic initiatives and cost savings efforts, but these were overshadowed by significant challenges, including a decline in net sales, a 50% dividend reduction, and a challenging macroeconomic environment. The call reflected a focus on navigating current market difficulties with a cautious outlook for recovery.

Company Guidance -

Q3 2025

In the Dow Second Quarter 2025 Earnings Conference Call, the company provided guidance amid challenging market conditions marked by trade and geopolitical uncertainties impacting profitability. Dow reported net sales of $10.1 billion, a 7% decline year-over-year, and a 3% sequential decrease, with EBITDA standing at $703 million, lower than the same period last year. The company announced a strategic 50% dividend reduction effective in Q3 to maintain financial flexibility, alongside ongoing efforts to deliver $400 million in cost savings this year. Dow also highlighted $6 billion in near-term cash support, including $2.4 billion from the Diamond Infrastructure Solutions partnership and expected proceeds from noncore divestitures. Despite headwinds, Dow anticipates a $100 million sequential EBITDA improvement in Q3, driven by integrated margin expansion and growth investments, while remaining committed to long-term strategic priorities.

Strategic Infrastructure Partnership

Dow finalized a strategic infrastructure asset partnership named Diamond Infrastructure Solutions, which delivered $2.4 billion of cash for Dow in the second quarter and captured growth opportunities with new customers.

Cost Savings Initiative

Dow accelerated progress on its $1 billion cost savings actions, now expecting to deliver approximately $400 million in 2025, up from an original target of $300 million.

Poly-7 Polyethylene Train Start-up

The new polyethylene train in Freeport, Texas, is fully sold out, targeting higher-value market segments and expected to improve Dow's integrated margins.

Non-Core Asset Divestitures

Dow announced divestitures of two non-core product lines totaling approximately $250 million at attractive EBITDA multiples of around 10x.

Dow Inc (DOW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DOW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	-0.26 / -	0.47	―	―	―
Jul 24, 2025	2025 (Q2)	-0.17 / -0.42	0.68	-161.76% (-1.10)
Apr 24, 2025	2025 (Q1)	-0.01 / 0.02	0.56	-96.43% (-0.54)
Jan 30, 2025	2024 (Q4)	0.24 / 0.00	0.43	―
Oct 24, 2024	2024 (Q3)	0.46 / 0.47	0.48	-2.08% (-0.01)
Jul 25, 2024	2024 (Q2)	0.71 / 0.68	0.75	-9.33% (-0.07)
Apr 25, 2024	2024 (Q1)	0.45 / 0.56	0.58	-3.45% (-0.02)
Jan 25, 2024	2023 (Q4)	0.40 / 0.43	0.46	-6.52% (-0.03)
Oct 24, 2023	2023 (Q3)	0.44 / 0.48	1.11	-56.76% (-0.63)
Jul 25, 2023	2023 (Q2)	0.70 / 0.75	2.31	-67.53% (-1.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DOW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$30.37	$25.07	-17.45%
Apr 24, 2025	$28.29	$29.04	+2.65%
Jan 30, 2025	$39.32	$36.93	-6.08%
Oct 24, 2024	$48.55	$48.08	-0.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.